Central bank governors and finance ministers discussed regulatory oversight of cryptocurrency at the G20 meeting in Riyadh this week. Facebook’s plans to launch its cryptocurrency Libra this year has more than a few agencies in the European Union and the United States wondering what to do. While government bodies around the world are working to […]
Continue Reading
Stablecoins could pose “regulatory challenges,” says Randall Quarles, chair of the Financial Stability Board. Randall Quarles, chair of the Financial Stability Board (FSB), has claimed that the potential scale of stablecoins such as Facebook’s Libra could present future “regulatory challenges.” Quarles voiced his opinion during a presentation at the European Banking Summit in Belgium on […]
Continue Reading
From Cointelegraph Japan: This week’s selected cryptocurrency and blockchain news. In this week’s selected cryptocurrency- and blockchain-related news from Cointelegraph Japan, government and industry officials secured important appointments, while new data shows the popularity of cryptocurrencies and their favored uses in Japan and China. Expert: Bitcoin is most commonly used for remittances in China On […]
Continue Reading
A group of trade associations representing several national Virtual Asset Service Providers announced the launch of a global collaboration for firms in the industry. A group of national trade associations representing the local Virtual Asset Service Providers (VASPs) announced their intention to establish an association to provide a global representative for firms in the industry […]
Continue Reading
CoinMarketCap and major crypto exchanges are pushing to improve liquidity, strengthening the long-term growth trend of the sector. In May, crypto market data provider CoinMarketCap requested all exchanges in the global exchange market disclose accurate data in a move to improve transparency of the information displayed on the platform. CoinMarketCap declared an ultimatum to all […]
Continue Reading
G20 finance ministers and central governors ask the Financial Stability Board and other regulators to consider a multilateral approach to crypto. G20 finance ministers and central bank governors have asked the Financial Stability Board (FSB) and global standard-setting organizations to monitor risks around crypto assets. The request was made in a joint communiqué published on […]
Continue Reading
The FSB said in its latest report that regulators need to improve their risk assessment strategies to keep up with innovations in the cryptocurrency sector. G20’s international watchdog, the Switzerland-based Financial Stability Board (FSB), said in its latest report that regulators need to improve their risk assessment strategies regarding financial activity in the crypto space, […]
Continue Reading
The U.S. Federal Reserve is considering the inclusion of the Bitcoin market collapse as one of the “salient risks” to be taken into account for its supervisory stress tests. The United States Federal Reserve (the Fed) is considering the inclusion of this year’s Bitcoin (BTC) market collapse as one of the “salient risks” to be […]
Continue Reading
The Russian Ministry of Transport is reportedly going to trial IBM and Maersk’s blockchain shipping solution in Russia’s second largest port. The Russian Ministry of Transport is reportedly planning to trial blockchain shipping solution TradeLens developed by IBM and Maersk, Russian financial media Kommersant reported on Tuesday, Feb. 26 Kommersant received a copy of an […]
Continue Reading
“The emergence of crypto-assets may challenge any framework,” according to the Financial Stability Board. The growth of cryptocurrencies as an asset class “may challenge any framework” for financial stability, according to remarks from the chair of the Financial Stability Board (FSB) on Feb. 10. Speaking at a Bank of International Settlements’ (BIS) special governors meeting […]
Continue Reading